POLAND Meridian Properties has cancelled its listing on the Warsaw Stock Exchange for the second time this year.
POLAND Gdańska Agencja Rozwoju Gospodarczego and Bank Gospodarstwa Krajowego have signed a contract to receive additional funding from the JESSICA initiative for the construction of Centrum Administracyjno-Usługowe.
POLAND Since the beginning of the year retail group Redan has generated revenue of PLN 328.1 mln – an 8.5 pct improvement on the same period a year earlier.
WORLD Preliminary direct commercial real estate investment volumes in Q3 2013 reached USD 125 bln globally – up 3 pct over the previous quarter and up 25 pct on the same period last year, according to Jones Lang LaSalle Capital Markets research.
POLAND On October 7th the Polish Financial Supervision Authority (KNF) approved the share prospectus of MLP Group. The warehouse developer is planning to make its initial public offer this month.
WORLD US investment management company BlackRock has finalised its acquisition of MGPA.
EUROPE Immofinanz is to pay a dividend of EUR 0.15 per share for the financial year 2012/2013. This means that the company will pay a total of EUR 169.3 mln in dividends (EUR 152.4 mln excluding treasury shares).
POLAND Inpro has purchased the rights to land on al. Grunwaldzka in Gdańsk.
POLAND Marvipol is moving assets between its subsidiaries. Verbis Gamma will sell the perpetual usufruct right to a property with an area of 11.11 ha on ul. Kłobucka in Warsaw's Służewiec district to another Marvipol subsidiary – Marvipol Property.
RUSSIA The Renova Group is selling its 100 pct holding in warehouse developer Multinational Logistics Partnership (MLP) to the Russian billionaire Mikhail Gutseriev and his family.
BALTIC STATES With EUR 472 mln transacted in the first half of this year, the investment turnover in the Baltic states more than doubled in comparison to the same period of 2012 (EUR 210 mln), according to a report by Colliers International.
POLAND PBB Deutsche Pfandbriefbank has agreed a EUR 55.8 mln medium-term refinancing and construction loan for a fund managed by Resolution Property.
POLAND Globe Trade Centre has concluded negotiations with Nellia, part of the Invesco Group, to sell the Galeria Kazimierz shopping centre in Kraków.
CZECH REPUBLIC Industrial developer CTP and long-term financial partners KB/SoGe have signed a new loan facility of EUR 79.5 mln for the refinancing of a portfolio of existing properties.
RUSSIA Mebe Development has obtained a USD 60 mln credit line form Sberbank Rossii. The seven-year loan is to be used for refinancing debt held with CJSC Credit Europe Bank and for financing the completion of the Mebe One Khimki Plaza business centre in the Moscow region.
EUROPE US private equity group Blackstone Group has completed the acquisition of Dutch-based developer Multi Corporation.
CZECH REPUBLIC German developer ECE has lost a CZK 1.8 bln (app. EUR 70 mln) compensation case against the Czech government over the aborted Galerie Liberec development at the International Court of Arbitration in Paris.
POLAND Luxembourg-registered International Trading and Investments (ITI Group) has announced that it has completed the sale of the Multikino chain of cinemas to British group Vue-Entertainment.
CE REGION Investment activity in the core Central European markets of Poland, the Czech Republic, Slovakia, Hungary and Romania accelerated significantly in Q3 with around EUR 1.5 bln invested, compared with EUR 630 mln in the previous quarter, according to research by Cushman & Wakefield.
RUSSIA If all the transactions in progress are closed this year, 2013 will be record for investment in Russian retail real estate, according to research by Cushman & Wakefield.
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